Decree No. 441 / 2017 Coll.
Decree amending Decree No. 500 / 2002 Coll., implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities that are entities accounting in the system of double accounting, as amended
Valid
Order
Effective from 01.01.2018
Text versions:
01.01.2018
15.12.2017
441
DECLARATION
of 7 December 2017
amending Decree No. 500 / 2002 Coll., implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities that are entities accounting in the double accounting system, as amended
The Ministry of Finance provides pursuant to § 37b (1) of Act No. 563 / 1991 Coll., on Accounting, as amended by Act No. 437 / 2003 Coll., Act No. 304 / 2008 Coll., Act No. 221 / 2015 Coll. and Act No. 462 / 2016 Coll., for the implementation of § 4 (8) of this Act:
Decree No. 500 / 2002 Coll., implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities that are entities accounting in the double accounting system, as amended by Decree No. 472 / 2003 Coll., Decree No. 397 / 2005 Coll., Decree No. 349 / 2007 Coll., Decree No. 469 / 2008 Coll., Decree No. 419 / 2010 Coll., Decree No. 413 / 2011 Coll., Decree No. 467 / 2013 Coll., Decree No. 293 / 2014 Coll. and Decree No. 250 / 2015 Coll., is amended as follows:
1. In Article 3, the following paragraphs 3 and 4 are inserted after paragraph 2:
"(3) According to Paragraph 13, an entity shall recognise an accrual in balance sheet assets
(a) under "C.II.3. Accruals of assets"; the balance sheet does not include "D. Accruals on assets'; or
(b) under "D. Accruals of assets"; the balance sheet does not include item "C.II.3. Accruals of assets'.
(4) According to Paragraph 19, an entity shall present an accrual in the liabilities of the balance sheet
(a) under "C.III. Accruals of liabilities"; the balance sheet does not include item "D. Accruals of liabilities'; or
(b) under "D. Accruals of liabilities"; the balance sheet does not include the item "C.III. Accruals of liabilities." ';
Paragraphs 3 to 7 shall be renumbered paragraphs 5 to 9.
2. In Article 3, the following paragraph 10 is added:
"(10) For the purposes of reporting, valuing and publishing the information on derivatives in the Annex in the financial statements and transactions with them, an entity shall apply the provisions of Decree No. 501 / 2002 Coll., implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, to entities that are banks and other financial institutions, as effective on 31 December 2017. ';
3. in Article 3a (2) (a), "and" C.II.2. Short-term receivables "shall be replaced by" "C.II.2. Short-term receivables" and "C.II.3. Accruals of assets"; "
4. In the first sentence of Article 4 (5), the words "and from the notes on changes in equity 'are replaced by the words", from the notes on changes in equity and from the notes on cash flows'.
5. in Article 6 (1) and (3) (a), the words "research and" shall be deleted;
6. In Paragraph 6 (3) (c), the sentence "An entity may decide on the depreciation period of goodwill or negative goodwill for more than 60 months but not more than 120 months; The entity shall justify this fact in the notes in the financial statements. ';
7. In Section 13, the following paragraph 1 is added:
"(1) Accruals in balance sheet assets may be reported under item" C.II.3. Accruals on assets "or under" D. Accruals on assets. "An entity shall determine which reporting method to choose at the latest at the balance sheet date; the combination of both reporting methods is not admissible. ';
Paragraphs 1 to 4 shall be renumbered paragraphs 2 to 5.
8. In Article 13 (2), the words "C.II.3. Accruals of assets' and" contains' shall be inserted after the words "entry ';
9. in Article 13 (3), the words "C.II.3.1 'are inserted after the words" the entry'; The costs of future periods', respectively 'and the word' contains' are replaced by ', contains'.
10. in Article 13 (4), the words "C.II.3.2 'are inserted after the words" the entry'; The complex costs of future periods', respectively 'and the word' contains' is replaced by ', contains'.
11. in Article 13 (5), the words "" C.II.3.3 "shall be inserted after the words" the entry "; The revenue of future periods', respectively 'and the word' contains' is replaced by ', contains'.
12. in Article 15a, the following paragraph 1 is inserted:
"(1) Item" A.IV.1. The amount to be reported in column 060 of this row: Original deduction according to Article 36 (1) (b) of CRR
The current text becomes paragraph 2.
13. in § 15a (2), first and last sentences, the words "A.IV.3 Other results of previous years" 'are replaced by "A.IV.2 Other result of previous years' management.
14. in Paragraph 18 (3), the words "" B.II.4. Liabilities to partners "'shall be replaced by" C.I.9.1. Liabilities to partners'.
15. in Article 19, the following paragraph 1 is inserted:
"(1) Accruals in balance sheet liabilities may be reported under item" C.III. Accruals of liabilities "or under" D. Accruals of liabilities. "An entity shall determine at the latest by the balance sheet date which method of reporting it chooses. A combination of both reporting methods is not permitted. The method chosen for reporting must be the same as that for reporting accruals in balance sheet assets under Section 13. ';
Paragraphs 1 to 3 shall be renumbered paragraphs 2 to 4.
16. In Article 19 (2), the words "C.III. Accruals of liabilities' and" contains' shall be inserted after the words "entry ';
17. in Article 19 (3), the words "C.III.1. shall be inserted after the words" the entry "; The expenditure coming up ', respectively' and 'contains' shall be replaced by 'contains'.
18. In Article 19 (4), the words "C.III.2 'shall be inserted after the words" the entry'; The proceeds of future periods', respectively 'and the word' contains' are replaced by ', contains'.
19. In Article 23, the word "in particular 'shall be inserted after the word" zone'.
20. in Paragraph 39 (1) (i), the word "recalculated" shall be deleted;
21. Article 52 and 53 shall be deleted, including the headings and footnotes 15a.
22. The following Section 54c is inserted after Section 54b, including footnote 23:
An entity that is not a commercial corporation and that proceeds from transformations under a special legal provision (23) shall apply paragraphs 14a and 54 to 54b mutatis mutandis.
23) For example Act No. 89 / 2012 Coll., Civil Code, as amended. '
23. In Paragraph 56, the following paragraph 2 is inserted after paragraph 1:
"(2) If the period of applicability of goodwill and intangible development results cannot be estimated, an entity shall decide on the period of depreciation of goodwill or negative goodwill and intangible development results which shall not be less than 60 months and which shall not exceed 120 months; The entity shall justify the time chosen in the notes in the financial statements. ';
Paragraphs 2 to 11 shall be renumbered paragraphs 3 to 12.
24. in Article 56 (3) (a), the words "from owner, owner or other authorised person" shall be replaced by the words "or ingestion."
25. in Paragraph 56, paragraph 11 is deleted;
Paragraph 12 shall become paragraph 11.
26. in Article 60 (4), the words "under Article 52 (3) and (4)" shall be deleted;
27. the following Section 61c is inserted after § 61b, including the title:
A fair value measurement method for a change in an entity's category
(1) A micro entity that has changed the entity's category under Paragraph 1e (2) of the Act shall measure the relevant property at fair value under Paragraph 27 of the Act on the first day of the accounting year under Paragraph 1e (2) of the Act; Paragraph 15a is without prejudice to this.
(2) An entity pursuant to § 1b (2) to (4) of the Act, which has changed the entity's category under § 1e (2) of the Act into an entity under § 1b (1) of the Act and measured the property at fair value under § 27 of the Act, will measure the assets in accordance with § 25 of the Act on the first day of the accounting year under § 1e (2) of the Act. Changes in fair value of assets recognised under item "A.II.2.2. Valuation differences in revaluation of assets and liabilities" an entity recognises under item "A.IV.3 Other profit or loss'; Paragraph 15a is not affected by this. '
28. In Annex 1, "B. Long-term assets' is replaced by" B. Fixed assets'.
29. In Annex 1, the words "B.I.1. Intangible R & D results' shall be replaced by" B.I.1. Intangible results of development '.
30. In Annex 1, the following is inserted after "C.II.2.4.6. Other claims':
"C.II.3. Accruals
C.II.3.1. Waiver costs
C.II.3.2. Comprehensive costs of future periods
C.II.3.3. Revenue from future periods'.
31. In Annex No 1, the words "A.IV.1. Undistributed gains of past years" and "A.IV.2. Unpaid loss of past years (-) 'is replaced by" A.IV.1. Undistributed profit or loss of past years (+ / -)' and the words "A.IV.3 Other operating result of previous years (+ / -) 'is replaced by" A.IV.2. Other financial result of previous years (+ / -)'.
32. In Annex 1, the following is inserted after "C.II.8.7. Other commitments':
"C.III. Accruals
C.III.1. Other expenditure
C.III.2. The proceeds of future periods'.
33. In Annex 2, the words "F.2. The residual price of the material sold 'is replaced by" F.2. Material sold'.
Transitional provisions
1. For the accounting year which began before the date of entry into force of this decree, Decree No 500 / 2002 Coll., as effective before the date of entry into force of this decree, shall apply.
2. An entity that has shown intangible research results under item "B.I.1. Intangible results of research and development" pursuant to § 6 (3) (a) of Decree No 500 / 2002 Coll., as effective before the date of entry into force of this Order, continues to be amortised under Decree No 500 / 2002 Coll., as effective before the date of entry into force of the Order, and has this property until it is disposed of under "B.I.4. Other fixed assets'.
3. An entity that has shown undistributed profits of past years under item "A.IV.1. Undistributed profit of past years" according to Annex 1 to Decree No 500 / 2002 Coll., as effective before the date of entry into force of this Order, shall recognise this undistributed profit under item "A.IV.1. Undistributed profit or loss of past years (+ / -) '.
4. An entity that has reported outstanding losses of past years under item "A.IV.2 Unpaid loss of previous years (-)" according to Annex 1 to Decree No 500 / 2002 Coll., as effective before the date of entry into force of this Order, shall recognise this undistributed profit under item "A.IV.1. Undistributed profit or loss of past years (+ / -) '.
Efficacy
This Decision shall enter into force on 1 January 2018.
Minister:
Ing. Busy v. r.
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Regulation Information
| Citation | Decree No. 441 / 2017 Coll., amending Decree No. 500 / 2002 Coll., implementing certain provisions of Act No. 563 / 1991 Coll., on Accounting, as amended, for entities that are entrepreneurs accounting in the dual accounting system, as amended |
|---|---|
| Regulation Type | Order |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 15.12.2017 |
|---|---|
| Effective from | 01.01.2018 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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